Phototherapy or light therapy involves exposing the skin to ultraviolet light on a regular basis and under medical supervision. The UV part of the radiation emitted by the sun that is used in phototherapy, especially the ultraviolet B (UVB) and ultraviolet A (UVA) wavelengths. Using phototherapy, exposure of specific wavelengths of light using polychromatic polarized light, fluorescent lamps, and lasers is used for the treatment.

Increase in the prevalence of neonatal jaundice and growing number of the preterm birth are the key factors attributed for the growth of the phototherapy equipment market. According to the National Center for Biotechnology Information (NCBI), around 13 million babies are affected with jaundice all across the globe. The increasing incidence of the psoriasis is aiding the growth of the phototherapy equipment market. According to the International Federation of Psoriasis Associations (IFPA), around 150,000 new cases are reported in the U.S every year and 3% of people are affected by some form of psoriasis around the world. The treatment of these skin disorders requires phototherapy, which is expected to boost the growth of the market. However, the high cost of the equipment may hinder the growth of the phototherapy equipment market.

Market Scope: Phototherapy Equipment Market

Phototherapy equipment market is segmented based on the device type, application, and distribution channel

Based on the device type, the market is segmented into the following:

Fluorescent Lamps

Compact Fluorescent Lamps

Fiberoptic Phototherapy Equipment

LED Phototherapy Equipment

Conventional Phototherapy Equipment

Based on the application, the market is segmented into the following:

Neonatal Jaundice

Skin Diseases

o Psoriasis

o Eczema

o Other skin diseases

Others

Based on the distribution channel, the market is segmented into the following:

Hospitals

Clinics

Others

Regional Analysis: Phototherapy Equipment Market

Geographically, global phototherapy equipment market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America phototherapy equipment market to keep top spot in the global phototherapy equipment market. The rising awareness among the people regarding the modern treatment procedures for treating skin-related disorders is enhancing the growth of the phototherapy equipment market. For instance, according to the American Academy of Dermatology acne is the most common skin condition in the U.S., affecting around 50 million people in the country each year. Europe and Asia Pacific phototherapy equipment market is expected to grow exponentially over the forecast period.

Competition Assessment: Phototherapy Equipment Market

Some of the players in the global phototherapy equipment market include:

Atom Medical Corporation (Japan)

National Biological Corp. (U.S.)

Solarc Systems Inc. (Canada)

GE Healthcare (U.K.)

Philips Lighting Holding B.V. (Netherlands

Natus Medical Incorporated (U.S.)

Phoenix Medical Systems Pvt. Ltd. (India)

Herbert Waldmann GmbH & Co. KG (Germany)

Key Features of the Report:

The report covers exhaustive regional information, that includes North America (The USA and Canada), Europe (Germany, France, Italy, UK, Spain, Russia, Poland and Rest of Europe), Asia-Pacific (Japan, China, India, Australia & New Zealand, ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others), South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, Venezuela, and Rest of Latin America), and Middle East and Africa (Gulf Cooperation Council (GCC) Countries, Israel, South Africa, and Rest of Middle East and Africa)

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